George Fotion's Market Report

Redondo Beach, CA 90277

Single-Family Homes

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Redondo Beach, CA 90277

Wed Oct 04 2023
This week the median list price for Redondo Beach, CA 90277 is $2,899,500 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has decreased to 14. Click here to stay informed with the Redondo Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Redondo Beach, CA 90277

Wed Oct 04 2023
This week the median list price for Redondo Beach, CA 90277 is $2,899,500 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has decreased to 14. Click here to stay informed with the Redondo Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $2,899,500
Median Price of New Listings $2,599,500
Per Square Foot $1,102
Average Days on Market 45
Median Days on Market 49
Price Decreased 29%
Price Increased 0%
Relisted 7%
Inventory 14
Median Rent
Market Action 57
Strong Seller's Market

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$4,985,000 3,500 4,500 - 6,500 sqft 6 6 12 0 0 28
$3,300,000 3,049 4,500 - 6,500 sqft 4 4 26 1 1 56
$2,550,000 2,876 6,500 - 8,000 sqft 4 3 57 0 0 21
$1,425,000 1,166 4,500 - 6,500 sqft 3 2 94 1 3 63